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Pronghorn Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $14,840. All sales are
Pronghorn Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $14,840. All sales are subject to a 6% sales tax. Compute sales taxes payable. Prepare a tabular summary to record sales taxes payable and sales. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decreose in Assets, Llabilities or Stockholders' Equity, ploce a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liobility or Equity item that was reduced) Pronghorn Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $14,840. All sales are subject to a 6% sales tax. Compute sales taxes payable. Sales taxes payable Prepare a tabular summary to record sales taxes payable and sales. Include margin explanations for the changes in revenues and expenses. (If a tronsaction couses a decrease in Assets, Llabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Llability or Equity item that was reduced.)
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